How We Are Invested

Onex has invested its capital in private equity, real estate and credit securities while maintaining a prudent amount of cash to fund future investment opportunities.

	Proprietary Capital
As at March 31, 2010	(US$ millions)		(CDN$ millions)
Private Equity
Onex Partners
Private Companies	$	1,3941	$	1,4161
Public Companies	5192		5272
Unrealized Carried Interest on Public Companies	55		56
ONCAP	1623		1643
Direct Investments
Private Companies	2514		3404
Public Companies	1942		1972
	2,575		2,700
Alternative Assets
Onex Real Estate Partners	835		845
Onex Credit Partners	932		942
	176		178
Other Investments	65		66
Cash and Near-Cash	9386		9536
Onex Corporation Debt	Nil		Nil
	$	3,754	$	3,897

(1)	Based on the US$ fair value of the investments in Onex Partners financial statements and US$/CDN$ exchange rate of 1.0158.
(2)	Based on the March 31, 2010 market values and US$/CDN$ exchange rate of 1.0158. Excludes Onex' CDN$153 million investment in Onex Credit Partners' unleveraged senior secured loan strategy fund, which is included with cash and near-cash items.
(3)	Based on the CDN$ mark-to-market carrying value of the investments in ONCAP’s financial statements and US$/CDN$ exchange rate of 1.0158.
(4)	Historical US$ and historical CDN$ cost amounts.
(5)	Based on carrying value of Onex Real Estate Partners' investments at March 31, 2010.
(6)	Includes approximately CDN$153 million invested in Onex Credit Partners' unleveraged senior secured loan strategy fund.

Onex Corporation has no material debt. Its policy is to preserve a financially strong parent company that has funds available for new acquisitions and to support the growth of its businesses.